Morning flag break. I took way too much risk on this for the amount I made on it. I started out with 1k shares and a stop under $7.00 ($400 risk). Once it began to confirm itself I doubled up but didn't really have a good place to tighten my stop to so the risk went through the roof. I then added again when it finally broke out and sold way too soon. It was a big profit gainer but risk-wise this was a terrible trade and I was pretty much just tilting because I was down and wanted to come back with a home run. I should have been grinding my way back to a daily gain instead of taking too much risk to try to do it all with one trade. Given the amount of risk I took on this, I should have been taking at least a $1500-2k gain.
4000 shares
+$798.50 (5.82%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-09 10:58:31 | VISN | buy | $7.390 | long |
2013-10-09 10:58:31 | VISN | buy | $7.384 | long |
2013-10-09 11:43:50 | VISN | buy | $7.390 | long |
2013-10-09 11:53:30 | VISN | buy | $7.420 | long |
2013-10-09 11:53:30 | VISN | buy | $7.390 | long |
2013-10-09 11:54:40 | VISN | sell | $7.680 | long |
2013-10-09 11:54:42 | VISN | sell | $7.590 | long |
2013-10-09 11:54:42 | VISN | sell | $7.590 | long |
2013-10-09 11:54:42 | VISN | sell | $7.600 | long |
2013-10-09 11:54:42 | VISN | sell | $7.600 | long |
2013-10-09 11:54:42 | VISN | sell | $7.600 | long |
2013-10-09 11:54:42 | VISN | sell | $7.600 | long |
2013-10-09 11:54:42 | VISN | sell | $7.610 | long |
2013-10-09 11:54:42 | VISN | sell | $7.610 | long |
2013-10-09 11:54:43 | VISN | sell | $7.590 | long |
2013-10-09 12:12:56 | VISN | sell | $7.600 | long |
2013-10-09 12:12:56 | VISN | sell | $7.600 | long |
2013-10-09 12:15:00 | VISN | sell | $7.820 | long |
2013-10-09 12:34:59 | VISN | sell | $7.400 | 0 |
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This thing has been crazy.